Affordable lakefront living with investment potential is hard to find, especially with low HOA dues, major updates already completed, and no restrictions on short-term rentals. Whether you're searching for a primary residence, vacation getaway, Airbnb, or long-term rental investment, this spacious 2-bedroom, 2-bath end-unit townhome offers flexibility, value, and waterfront charm in a convenient southwest Pensacola location just minutes from NAS Pensacola, the Navy Hospital, VA, shopping, and dining. Inside, the large sunken great room features soaring cathedral ceilings, abundant natural light, and a beautiful stone fireplace that creates a warm focal point while opening seamlessly to the eat-in kitchen. The downstairs primary suite includes an ensuite bathroom with a spacious vanity area separate from the tub/shower and toilet room. Upstairs, the loft-style second bedroom overlooks the living area below and features its own private bathroom. Additional highlights include a newer roof and water heater, updated siding, inside laundry room with washer/dryer hookups, extra storage space off the back deck, and a private wooden deck overlooking the lake — the perfect place to relax and enjoy the peaceful waterfront setting. Clean, affordable, and full of potential, this property is an excellent opportunity in today’s market.